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18min chapter
Larry White on Stablecoins, Money Market Funds, and the History of Free Banking
Macro Musings with David Beckworth
The Dangers and Concerns of Stable Coins
The chapter explores the potential dangers and concerns surrounding stable coins, discussing their safety, stability, and susceptibility to runs. It also touches on the need for credibility, transparency, and adequate capital in the stable coin ecosystem. Additionally, the implications of stable coins on the US financial system, global dollar dominance, and the role they play in providing access to dollar-denominated balances are examined.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode